DekaBank Deutsche Girozentrale Has $44.86 Million Stake in Transdigm Group Incorporated $TDG

Key Points

• DekaBank Deutsche Girozentrale increased its stake in Transdigm Group by 1.9%, owning approximately $44.86 million, which represents around 0.05% of the company's total shares.
• Transdigm Group's quarterly earnings showed a net margin of 20.98%, but the earnings per share of $9.60 missed the consensus estimate of $9.75.
• The company announced a special dividend of $90.00, reflecting an increase from the previous special dividend of $75.00.

DekaBank Deutsche Girozentrale increased its holdings in shares of Transdigm Group Incorporated (NYSE:TDG - Free Report) by 1.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,877 shares of the aerospace company's stock after purchasing an additional 555 shares during the period. DekaBank Deutsche Girozentrale owned approximately 0.05% of Transdigm Group worth $44,858,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Nuveen LLC acquired a new stake in shares of Transdigm Group during the first quarter worth $168,048,000. Bain Capital Public Equity Management II LLC acquired a new position in shares of Transdigm Group during the first quarter worth about $157,890,000. Vanguard Group Inc. grew its holdings in shares of Transdigm Group by 1.4% during the first quarter. Vanguard Group Inc. now owns 6,359,924 shares of the aerospace company's stock worth $8,797,619,000 after buying an additional 89,121 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Transdigm Group by 32.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 273,924 shares of the aerospace company's stock valued at $378,917,000 after buying an additional 67,547 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. acquired a new position in Transdigm Group during the 2nd quarter worth approximately $94,085,000. 95.78% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently issued reports on TDG. Susquehanna lowered their price objective on shares of Transdigm Group from $1,500.00 to $1,450.00 and set a "neutral" rating on the stock in a report on Thursday, October 9th. KeyCorp reduced their price objective on shares of Transdigm Group from $1,700.00 to $1,600.00 and set an "overweight" rating for the company in a research note on Friday, August 8th. Truist Financial dropped their target price on Transdigm Group from $1,730.00 to $1,647.00 and set a "buy" rating on the stock in a report on Wednesday, October 15th. UBS Group increased their price objective on Transdigm Group from $1,815.00 to $1,839.00 and gave the company a "buy" rating in a report on Thursday, August 7th. Finally, Citigroup increased their price target on shares of Transdigm Group from $1,635.00 to $1,795.00 and gave the company a "buy" rating in a research note on Monday, July 14th. Twelve investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $1,564.56.

Transdigm Group Stock Performance

NYSE TDG opened at $1,329.45 on Wednesday. The stock has a market cap of $74.91 billion, a PE ratio of 44.12, a P/E/G ratio of 3.03 and a beta of 1.02. The firm has a 50-day moving average of $1,320.09 and a 200-day moving average of $1,403.64. Transdigm Group Incorporated has a 52-week low of $1,183.60 and a 52-week high of $1,623.82.

Transdigm Group (NYSE:TDG - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The aerospace company reported $9.60 earnings per share for the quarter, missing the consensus estimate of $9.75 by ($0.15). Transdigm Group had a net margin of 20.98% and a negative return on equity of 35.27%. The company had revenue of $2.24 billion during the quarter, compared to the consensus estimate of $2.29 billion. During the same period in the prior year, the company earned $9.00 earnings per share. The firm's revenue was up 9.3% compared to the same quarter last year. Transdigm Group has set its FY 2025 guidance at 36.330-37.150 EPS. As a group, analysts predict that Transdigm Group Incorporated will post 35.13 EPS for the current fiscal year.

Transdigm Group Increases Dividend

The company also recently disclosed a special dividend, which was paid on Friday, September 12th. Shareholders of record on Tuesday, September 2nd were issued a $90.00 dividend. The ex-dividend date of this dividend was Tuesday, September 2nd. This is a positive change from Transdigm Group's previous special dividend of $75.00.

Insider Transactions at Transdigm Group

In other news, COO Joel Reiss sold 3,000 shares of Transdigm Group stock in a transaction on Monday, October 20th. The stock was sold at an average price of $1,279.59, for a total transaction of $3,838,770.00. Following the completion of the sale, the chief operating officer owned 3,600 shares of the company's stock, valued at approximately $4,606,524. This trade represents a 45.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael Graff sold 1,760 shares of the company's stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $1,402.10, for a total transaction of $2,467,696.00. Following the completion of the transaction, the director owned 1,964 shares in the company, valued at $2,753,724.40. This trade represents a 47.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 21,232 shares of company stock worth $27,800,332 over the last ninety days. Corporate insiders own 4.09% of the company's stock.

Transdigm Group Profile

TransDigm Group Incorporated designs, produces, and supplies aircraft components in the United States and internationally. The Power & Control segment offers mechanical/electro-mechanical actuators and controls, ignition systems and engine technology, specialized pumps and valves, power conditioning devices, specialized AC/DC electric motors and generators, batteries and chargers, databus and power controls, sensor products, switches and relay panels, hoists, winches and lifting devices, and cargo loading and handling systems.

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